Hyundai Aurora to release autonomous cars by 2021
SEOUL, South Korea – Hyundai Motor Co. said Thursday it will begin selling its first self-driving vehicles by 2021 in partnership with U.S. based self-driving technology startup Aurora Innovation Inc.Within in three years, Hyundai and Aurora will bring autonomous vehicles to markets that can operate without human input in most conditions, the company said in a statement.The auto industry designates that as “level 4 autonomous driving,” just one stage short of fully autonomous driving.The partnership has yet to say how its first batch of self-driving vehicles will be used, but analysts expect they likely be for commercial use, such as self-driving taxis or ride-hailing services, rather than for sales to individual consumers. General Motors said in November that its self-driving vehicles will carry passengers and deliver goods in big cities by 2019.Aurora was founded by a former chief technology officer at Google’s self-driving car unit, a former Tesla Autopilot director and a former self-driving engineer at Uber.Hyundai has been pursuing partnerships to keep pace with changes in an industry that is being transformed by artificial intelligence, autonomous driving and other cutting edge-technologies.It earlier joined with Cisco Systems Inc. and Baidu Inc. to collaborate on internet-connected cars. It has also set up a $45 million fund with South Korea’s SK Telecom and Hanwha Asset Management to invest in artificial intelligence startups worldwide.The South Korean automaker plans to share more details of its project with Aurora during the Consumer Electronics Show in Las Vegas next week, where it will also unveil the brand name of a new fuel-cell SUV that will be tested for self-driving technology.The company plans to show off some of its autonomous driving cars during the Winter Olympics Game next month in Pyeongchang, South Korea.
DETROIT — Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation.It’s the new reality for automakers that are faced with the present cost of designing gas-powered cars and trucks that appeal to buyers now while at the same time preparing for a future world of electric and autonomous vehicles.GM announced Monday that it will cut as many as 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles.CEO Mary Barra said as cars and trucks become more complex, GM will need more computer coders but fewer engineers who work on internal combustion engines.“The vehicle has become much more software-oriented” with millions of lines of code, she said. “We still need many technical resources in the company.”The reductions could amount to as much as 8 per cent of GM’s global workforce of 180,000 employees.The restructuring also reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks. In October, almost 65 per cent of new vehicles sold in the U.S. were trucks or SUVs. That figure was about 50 per cent cars just five years ago.GM is shedding cars largely because it doesn’t make money on them, Citi analyst Itay Michaeli wrote in a note to investors.“We estimate sedans operate at a significant loss, hence the need for classic restructuring,” he wrote.The reduction includes about 8,000 white-collar employees, or 15 per cent of GM’s North American white-collar workforce. Some will take buyouts while others will be laid off.At the factories, around 3,300 blue-collar workers could lose jobs in the U.S. and another 2,600 in Canada, but some U.S. workers could transfer to truck or SUV factories that are increasing production. The cuts mark GM’s first major downsizing since shedding thousands of jobs in the Great Recession.The company also said it will stop operating two additional factories outside North America by the end of next year.The move to make GM get leaner before the next downturn likely will be followed by Ford Motor Co., which also has struggled to keep one foot in the present and another in an ambiguous future of new mobility. Ford has been slower to react, but says it will lay off an unspecified number of white-collar workers as it exits much of the car market in favour of trucks and SUVs, some of them powered by batteries.The GM layoffs come amid the backdrop of a trade wars between the U.S., China and Europe that likely will lead to higher prices for imported vehicles and those exported from the U.S. Barra said the company faces challenges from tariffs but she did not directly link the layoffs to them.GM doesn’t foresee an economic downturn and is making the cuts “to get in front of it while the company is strong and while the economy is strong,” Barra told reporters.Factories that could be closed include assembly plants in Detroit and Oshawa, Ontario, and Lordstown, Ohio, as well as transmission plants in Warren, Michigan, and near Baltimore.The announcement worried GM workers who could lose their jobs.“I don’t know how I’m going to feed my family,” Matt Smith, a worker at the Ontario factory, said Monday outside the plant’s south gate, where workers blocked trucks from entering or leaving. “It’s hard. It’s horrible.” Smith’s wife also works at the plant. The couple has an 11-month-old at home.Workers at the Ontario plant walked off the job Monday but were expected to return Tuesday.After the morning announcement, Barra headed for Washington to speak with White House economic adviser Larry Kudlow in what was described as a previously scheduled meeting.President Donald Trump, who has made bringing back auto jobs a big part of his appeal to Ohio and other Great Lakes states that are crucial to his re-election, said his administration and lawmakers are exerting “a lot of pressure” on GM.Trump said he was being tough on Barra, telling the company that the U.S. has done a lot for GM and that if its cars aren’t selling, the company needs to produce ones that will.At a rally near GM’s Lordstown, Ohio, plant last summer, Trump told people not to sell their homes because the jobs are “all coming back.”Most of the factories to be affected by GM’s restructuring build cars that will not be sold in the U.S. after next year. They could close or they could get different vehicles to build. Their futures will be part of contract talks with the United Auto Workers union next year.The Detroit-based union has already condemned GM’s actions and threatened to fight them “through every legal, contractual and collective bargaining avenue open to our membership.”Bobbi Marsh, who has worked assembling the Chevrolet Cruze compact car at the Ohio plant since 2008, said she can’t understand why the factory might close given the strong economy.“I can’t believe our president would allow this to happen,” she said Monday. Democratic Sen. Sherrod Brown said the move will be disastrous for the region around Youngstown, Ohio, east of Cleveland, where GM is one of the area’s few remaining industrial anchors.“GM received record tax breaks as a result of the GOP’s tax bill last year, and has eliminated jobs instead of using that tax windfall to invest in American workers,” he said in a statement.GM, the nation’s largest automaker, will stop producing cars and transmissions at the plants through 2019. In all, six car models were scrapped, leaving the company with nine remaining car models for its four brands, Buick, Cadillac, Chevrolet and GMC.Among the cars that won’t be made after next year is the Chevrolet Volt rechargeable gas-electric hybrid. When introduced a decade ago, the Volt was meant to be a bridge to fully electric cars, the company said. It has a small battery that can take it about 50 miles, then it switches to a small gasoline engine.But since it was introduced, battery technology has improved dramatically, GM said. Now the full-electric Chevrolet Bolt can go up to 238 miles on a single charge.The United Auto Workers promised to fight any plant closures and criticized GM for cutting U.S. jobs while building full-size pickups in Mexico. It also recently announced that a new Chevrolet Blazer SUV will be built there. Also, GM imports the Buick Envision midsize SUV from China.___Associated Press writers Rob Gillies in Toronto, John Seewer in Toledo, Ohio, and Zeke Miller in Washington contributed to this report.Tom Krisher, The Associated Press
MATHURA: Actor and BJP lawmaker Hema Malini on Sunday campaigned in her parliamentary constituency, Mathura, in Uttar Pradesh with her husband and actor, Dharmendra, by her side. The popular Bollywood couple addressed a crowd for the Jat community where a massive crowd turned up. Addressing the rally, Dharmendra recalled how his humble beginnings helped him become a successful actor. “I am the son of a farmer and I have worked very hard in the fields when I was young,” he said. Dharmendra had a brief political stint about ten years ago when he contested the 2004 national elections from Rajasthan’s Bikaner on BJP ticket and won. Raising the poll pitch in the constituency, where the BJP has won four out of six Lok Sabha elections since 1991, Dharmendra told the crowd: “Gao walon, (Hema ji ke liye) vote karna. Nahi to kisi aas paas ki tanki pe chad jaunga aur wahan bahut mausi ko pukarunga. Bahut mausiyan aa jayengi. (Dear villagers, please vote for Hema Malini ji. Else, I will climb on one of the tanks and give a shout out to Mausi ji. I am sure a lot of them will come).” He reminded the crowd of the iconic scene from the movie, “Sholay”, where Hema Malini starred together with her husband and played the role of “Basanti”, a village girl. Hema Malini said she was excited to have her husband by her side. “With just two days remaining for the poll campaign to end in Mathura, people are excited to see me and him together. People have seen both of us together in so many movies. We are seeking votes for Mathura’s development,” she told reporters. Before the rally, she tweeted a picture of two of them together and said it was a “special day”. “Today is also a special day for me! Dharam ji is here in Mathura to campaign for a whole day on my behalf. The public is waiting eagerly to get a glimpse of him & listen to what he has to say! A photo taken in my house in Mathura just now before we leave for campaigning…(sic),” she wrote.
Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppGrand Turk, Turks and Caicos Islands – February 8, 2018 – Following on from the passage of Hurricanes Irma and Maria, government services have resumed across all sectors, but it is important for the general public and our clients to be aware that there remain challenges in a number of key areas which currently impact service delivery.The islands of Grand Turk, South Caicos and Salt Cay which account for 54% of government staff, suffered significant damage to government infrastructure during the last hurricane season. This is in addition to damage to schools which accounted for the majority of loss.As of today there remain a significant number of displaced departments which are currently being housed within other departments whilst they await repairs to government infrastructure. This includes critical departments such as the Information Technology, Customs, Planning, Land Registry, Public Works, Land Survey, Internal Audit and other departments on the island of Grand Turk. Following on from the Hurricanes the Ministry of Infrastructure conducted damage assessments and costing on all government buildings.In the area of communication, we have noted a marked improvement in communication services on the island of Grand Turk which should result in the full functionality of department phones. To this end persons can now once again reach departments through the switchboard numbers 946-2801 and 338-2801, while a full listing of government direct extensions is also posted on the governments website for easy reference. Kindly note that the departments telephone lines operate on a Voice Over Internet Protocol (VOIP) system which relies on the stability of the network itself.Revenue and Expenditure systems have suffered a number of challenges during recent months due to internet and communication instability, but with recent improvements by telecommunication providers this should shortly be resolved.We take the opportunity to thank our clients for their patience during this period and do hope that we can work to expeditiously resolve all remaining concerns.Please see below an updated listing of the affected departments new operating locations:Customs Department – Treasury Department, Front StreetCentral Information Technology Unit – Treasury Department, Front StreetPublic Works Department – Former Chief Minister’s Office, Government Compound, Pond StreetPlanning Department – Former Chief Minister’s Office, Government Compound, Pond StreetWater Undertaking Department – Former Chief Minister’s Office, Government Compound, Pond StreetLand Registry Department – Attorney General’s Chambers, Waterloo Plaza, Airport RoadValuation Department – Attorney General’s Chambers, Waterloo Plaza, Airport RoadSurvey and Mapping Department – Attorney General’s Chambers, Waterloo Plaza, Airport RoadCrown Land Unit – Attorney General’s Chambers, Waterloo Plaza, Airport RoadElections Department – Strategic Policy and Planning Unit, South BaseInternal Audit Department – Audit Department, Tony Clarke Office ComplexRoad Safety Department – Printing Department, Ruthann Lightbourne PlazaMinistry of Education, Youth and Sports – Franklyn Misick Building, Church FollyTCIG Press ReleasePhoto by Magnetic Media, Providenciales Police Headquarters after Hurricane Irma Editorial: Listen to your Mama TCI Premier Responds To Beaches’ Letter Announcing Closure Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#hurricaneirmatci, #hurricanemariatci, TCIG Seriously, Sixth Form registration begins at Clement Howell High Aug 15
Bradley Elliott, 57, of Sterling, worked for the district as a junior varsity hockey coach at Kenai Central High School for the 2005-06 school year. He was also involved with the hockey program at Soldotna High School for three seasons, from 2007 to 2010. The victims that filed the suit are “seeking damages in excess of $100,000 from the Kenai Peninsula Borough School District, the Kenai Peninsula Hockey Association and former hockey coach”, according to court documents. Elliott faces 62 years and 240 days in prison, with 42 years suspended and a $300,000 fine. A status hearing is scheduled for December 18, according to Courtview. Facebook0TwitterEmailPrintFriendly分享A former hockey coach on the Kenai Peninsula was sentenced on Monday to 62 years in prison for sexual abuse of six minors and possession of child pornography. According to charging documents, Elliott plead guilty to a total of 15 charges, including six charges of 2nd-degree sexual abuse of a minor, one charge of possession of child pornography and eight charges of indecent photography. A suit was filed against the Kenai Peninsula Borough School District and the Kenai Peninsula Hockey Association in February claims the two organizations failed to “warn students” and alleges negligent hiring, training and supervision practices. The damages sought in excess of $100,000 were listed in court documents for “psychological and counseling expenses, rehabilitation expenses, physical injury, emotional distress, pain and suffering, inconvenience and loss of enjoyment of life.”
WILMINGTON, MA — Below are the latest legal notices related to Wilmington, published during the week of Sunday, May 26, 2019:190598 — Vibert — 12 Ox Bow Drive190637 — Wilmington Board of Appeals — Roberts Burke Gifford190686 — Superior Court — Ficociello — 500 Main St190693 — Benson — 26 Fairmeadow Road190694 — Land Court — Hutchison — 32 Marcia Road190695 — Land Court — Armata — 26 Shady Lane Drive190708 — Wilmington Conservation Commission — RDA — 8 Lexington Street190709 — Wilmington Conservation Commission — RDA — 6A Falcon Road190710 — Wilmington Conservation Commission — 100 Research Drive190711 — Wilmington Conservation Commission — 635 Main Street(NOTE: The above public notices is from MassPublicNotices.org.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington’s Latest Legal Notices (Week of July 28, 2019)In “Government”Wilmington’s Latest Legal Notices (Week of August 18, 2019)In “Government”Wilmington’s Latest Legal Notices (Week of June 30, 2019)In “Government”
Nikesh Arora has been appointed as the new CEO of Palo Alto Networks and he is being paid a whopping $128 million packageNadine Rupp/Getty ImagesCybersecurity brand Palo Alto Networks has named former SoftBank Group Corp president Nikesh Arora as its chief executive officer and chairman. Arora succeeds Mark McLaughlin, who will remain with Palo Alto as the company’s vice-chairman.Arora begins his role as the CEO and chairman at Palo Alto on Wednesday, June 6, and has reportedly been given a package of about $128 million, which is about Rs 850 crore. The 50-year-old is also investing about $20 million (about Rs 130 crore) in shares of Palo Alto, apparently to prove his loyalty to the company.”It’s sort of like put your money where your mouth is,” Fortune quoted him as saying.Who is Nikesh Arora?Born on February 9, 1968, in Ghaziabad, Arora is an Indian businessman.He is an alumnus of the IIT, BHU in Varanasi and went on to get an MBA from the Northeastern University in Boston, Massachusetts.After starting his career with Fidelity Investments in 1992, Arora joined Google in 2004 where he had held many senior-level postsHe was the company vice president for Europe operations from 2004 to 2007 and went on to become the president Europe, Middle East and Africa from 2007 to 2009.Arora was also the senior vice president and chief business officer of Google Inc. between January 2011 and July 2014.He resigned from Google in 2014 and joined SoftBank Corp.The 50-year-old has also been on the board of directors of several other firms such as Airtel, Aviva, Colgate-Palmolive, and Richemont Sprint to name a few.As Softbank is known to have investments in Ola, Snapdeal, Oyo and a few other firms, Arora had board positions and other rights in these brands.Arora has also worked with T-Mobile and was the CEO and founder of T-Motion PLC, which merged with T-Mobile International in 2002.Arora married Delhi socialite Ayesha Thapar in 2014. He was earlier married to Kiran and the former couple have a daughter.At Palo Alto, Arora will be entitled to equity awards of about $126 million, half of which banks on him staying at Palo Alto and the other half on if the firm manages to at least double its shares. Under McLaughlin, the California-based company is known to have seen a five-fold since its initial public offering in 2012.Meanwhile, McLaughlin believes that Arora will be able to do take the firm places and seemed pleased with the appointment. “The company is executing extremely well and is the clear leader in next-generation security,” he said in a statement.”Over the course of several quarters, I have been discussing succession planning with the Board and I couldn’t be more pleased that we have found a leader in Nikesh who is ideally suited to take the company on the next leg of its journey. I look forward to working with Nikesh as we transition and serving as vice chairman of the Board.”Arora too seems immensely proud and said that he has grown very fond of the company and its values and culture and that the team will work towards providing flawless security to its customers.Apart from the stock options, Arora will draw an annual base salary of $1 million (about Rs 6.7 crore).Looking fwd to working with the Palo Alto Networks team. Mark, Nir, Lee, Rajiv, Rene and many others have built a unique company. Feel honored to become a part of it. https://t.co/vM07vameE3— Nikesh Arora (@nikesharora) June 2, 2018
Indian pedestrians watch as a digital broadcast presents the rolling share price information and national election results news coverage on the facade of the Bombay Stock Exchange (BSE) building in Mumbai on May 16, 2014. India’s Hindu nationalist Bharatiya Janata Party (BJP) is on track to win the first parliamentary majority by a single party in 30 years, two television channels projected on May 16 based on preliminary results.PUNIT PARANJPE/AFP/Getty ImagesFollowing a steep decline in the Asian and other global markets, Sensex tanked 355 points on Monday over concerns of a global slowdown.Except for oil and gas and power sector stocks all the sectors on both BSE and NSE ended in the red led by finance and banking stocks.”Lingering concern on global economic slowdown dragged down the domestic indices. US bond yield has fallen as risk appetite of investors to equities reduced due to fear of US recession,” said Vinod Nair, Head of Research, Geojit Financial Services.The BSE Sensex declined 355.70 points or 0.93 per cent to 37,808.91, while Nifty shed 102.65 points or 0.90 per cent.Following the decline in the US equity markets last week, all eastern markets also slipped 1-2 per cent on Monday. European markets too were in the red, said Joseph Thomas of Emkay Wealth Management.”The lower manufacturing PMI in Germany, and contraction in Germany and France, and recession already having set in Italy, markets may progressively test lower levels.”The top gainers were ONGC which surged close to 4 per cent followed by Coal India, Power Grid, NTPC and Bajaj Finance up in the 1 to 2 per cent range.Among the losers were Vedanta, Tata Motors, Yes Bank, and Mahindra and Mahindra which declined up to 4 per cent.
New Zealand prime minister Jacinda Ardern speaks to the media during her post cabinet press conference at Parliament in Wellington on 25 March. Photo: AFPNew Zealand prime minister Jacinda Ardern on Monday ordered an independent judicial inquiry into whether police and intelligence services could have prevented the Christchurch mosque attacks on 15 March.Ardern said a royal commission — the most powerful judicial probe available under New Zealand law — was needed to find out how a single gunman was able to kill 50 people in an attack that shocked the world.”It is important that no stone is left unturned to get to how this act of terrorism occurred and how we could have stopped it,” she told reporters.New Zealand’s spy agencies have faced criticism in the wake of the attack for concentrating on the threat from Islamic extremism.Instead, the victims were all Muslims and the massacre was allegedly carried out by a white supremacist fixated on the belief that there was an Islamist plot to “invade” Western countries.”One question we need to answer is whether or not we could or should have known more,” Ardern said.”New Zealand is not a surveillance state … but questions need to be answered.”Ardern ruled out New Zealand re-introducing the death penalty for accused gunman Brenton Tarrant, 28, who was arrested minutes after the attack on the mosques and has been charged with murder.She said details of the royal commission were being finalised, but it would be comprehensive and would report in a timely manner.It will cover the activities of intelligence services, police, customs, immigration and any other relevant government agencies in the lead-up to the attack.The gunman livestreamed the attack online, although New Zealand has outlawed the footage as “objectionable content”.Ardern reiterated her believe it should not be aired.”That video should not be shared. That is harmful content,” she said when questioned about Turkish President Recep Tayyip Erdogan showing excerpts of the footage at campaign rallies for local elections this month.Erdogan had angered both Wellington and Canberra with campaign rhetoric about anti-Muslim Australians and New Zealanders being sent back in “coffins” like their grandfathers at Gallipoli, a World War I battle.New Zealand Foreign Minister Winston Peters travelled to Istanbul to meet Erdogan and address an emergency meeting of the Organisation of Islamic Cooperation.Peters said OIC members were full of praise for the support New Zealand had offered its small, tight-knit Muslim community in the wake of the killings.”A number of them were weeping and sobbing at the demonstration (of support) by non-Muslim New Zealand towards the Muslim victims,” he told reporters.”It was dramatic and I was told by countless ministers that they’ve never seen anything of that type.”The body of an Indian student killed in the Christchurch mosque attacks, meanwhile, was returned Monday to her grieving family in Kochi, where relatives remembered a bright young woman dedicated to her studies.Ansi Alibava, 25, was the first of at least five Indians shot dead on March 15 to be repatriated.The family planned to hold a funeral ceremony for the masters student in their nearby hometown of Kodungallur.
(Phys.org) —A team of engineering and physics researchers with members from the U.S., the U.K. and the Republic of Muldova has found that covering a common type of plastic with a graphene coating can increase its conductivity by up to 600 times. In their paper published in the journal Nano Letters, the team describes their new technique and how the coated materials they’ve created might be used in real world applications. Researchers combine graphene and copper in hopes of shrinking electronics Plastics are not very good conductors of heat—they are generally in the 0.15–0.24 W/mK range—which is a good trait when it’s produced as flakes and used as a stuffing inside a winter coat, but not so good when used in electronics that generally need to convey heat away from a source. Engineers would like to use them in more applications however, due to their very low cost, light weight and durability. Conversely, graphene is an excellent conductor of heat (in the 2000–5000 W/mK range) along with its other unique properties, though notably a lot of that improvement is lost when applied to a substrate—it’s still much better than plastic though. In this new effort the researchers sought to improve heat conduction in a plastic by applying graphene to its surface.The type of plastic used, PET, is very common—it’s used to make soda bottles and a myriad of other products in a nearly limitless variety of shapes. Graphene for the experiment was grown in sheets just a few microns thick and then applied to a thin sheet of PET. The heat conductance (along the surface) of the resultant material was tested using a non-contact optothermal Raman technique where the researchers found the conductance had been increased by approximately 600 times.The researchers suggest the graphene coated PET could be used in thermal management applications or thermal lighting or even inside electronic devices to help move heat away from heat generating chips.The team next plans to work on creating models that have more detail and which are based on multiscale simulations that will shed light on which sorts of real-world applications the coated plastics might best be used in. Explore further Citation: Researchers improve thermal conductivity of common plastic by adding graphene coating (2014, October 29) retrieved 18 August 2019 from https://phys.org/news/2014-10-thermal-common-plastic-adding-graphene.html , Nano Letters
© 2014 Phys.org Journal information: arXiv More information: Thermal Conductivity of Graphene Laminate, Nano Lett., 2014, 14 (9), pp 5155–5161. DOI: 10.1021/nl501996v . On Arxiv: http://arxiv.org/ftp/arxiv/papers/1407/1407.1359.pdfAbstractWe have investigated thermal conductivity of graphene laminate films deposited on polyethylene terephthalate substrates. Two types of graphene laminate were studied, as deposited and compressed, in order to determine the physical parameters affecting the heat conduction the most. The measurements were performed using the optothermal Raman technique and a set of suspended samples with the graphene laminate thickness from 9 to 44 μm. The thermal conductivity of graphene laminate was found to be in the range from 40 to 90 W/mK at room temperature. It was found unexpectedly that the average size and the alignment of graphene flakes are more important parameters defining the heat conduction than the mass density of the graphene laminate. The thermal conductivity scales up linearly with the average graphene flake size in both uncompressed and compressed laminates. The compressed laminates have higher thermal conductivity for the same average flake size owing to better flake alignment. Coating plastic materials with thin graphene laminate films that have up to 600× higher thermal conductivity than plastics may have important practical implications. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
“The results underscore the vulnerability of offspring of anxious parents. If we can identify kids at risk, let us try and prevent them,” said psychiatrist Golda Ginsburg from 
Highlighting the artistic continuity of modern and contemporary Bengal, the works of Bengal Panorama II, presented by Janus Art Gallery features several styles, genres, periods, themes that have been prevalent throughout the history of Bengal modernism, the exhibition showcases over fifty art works by a range of modernists, including Jogen Chowdhury, Sunil Das, Suhas Roy, Bipin Goswami, Prokash Karmakar, Paritosh Sen, L. P. Shaw, Isha Mahammad, Sajal Roy, Bijon Chowdhury, Adinath Mukherjee, Ratan Acherjee, Manoj Dutta, Bimal Kar, Rabin Dutta, Subrata Gangopadhyay and a few like-minded young artists and a complete section dedicated to Sunil Das with his sculptures. Also Read – Add new books to your shelfUnlike the 50s artists, primarily working in abstraction, Sunil Das devoted himself to figuration and occasionally tried his hand at sculpture. Master sculptor, Bipin Goswami’s Durga, reclining figure, mother and child and portraits represent signature style and his interest in the modern idiom. Master sculptor, Bipin Goswami’s Durga, reclining figure, mother and child and portraits represent signature style and his interest in the modern idiom. Also Read – Over 2 hours screen time daily will make your kids impulsiveOne of the best among his generation of Calcutta painters, Bijon Chowdhury occasionally painted mythological works apart from socio-political themes, whereas Lalu Prasad Shaw mainly focused on his babu-bibi series in tempera or gouache. Ratan Acherjee mastered the wash technique of Abanindranth Tagore, while Manoj Dutta continued to paint folk motifs. Portraying the diversity of Bengal modernism, the exhibition also incorporates a sketch by Jogen Chowdhury, dreamy landscapes of Prokash Karmakar, Suhas Roy’s female protagonist, Bimal Kar’s city and mountain-scapes and a self-portrait by Partiosh Sen as a thinker. Whether it is Sajal Roy’s allegorical and cubist works, Rabin Dutta’s female portraits of surreal quality or Subrat Gangooly’s festive colours, each work stands on its own. Recent trends of the contemporary Bengal are represented here by large-scale sculptural works of Rajesh Sharma and Suvajit Samanta, a bronze by Animesh Mahata, minimal figuration of Debabrata Sarkar, including Shovin Bhattacharjee’s psychological image and Parbir Kumar Bera’s depiction of carnal love.Connected only by the geographical confines of Bengal, the artists and art works on display include not just some of the most important names of the region, but also work of individual stylistic importance. Where: Triveni Kala sangam 205, Tansen Marg, Mandi HouseWhen: April 6 – 16Timing: 11 am – 7 pm
Sky Deutschland CEO Brian SullivanAfter four years of rebuilding the business, Sky Deutschland is set to turn a positive EBITDA this year and will grow rapidly in 2014, according to CEO Brian Sullivan.“We’ve been going through recapitalising the business for four years and with the completion of that we’ve completed the restructuring of the business. We are finally going to turn the corner and, on a small scale, we will be profitable on an EBITDA basis this year. In 2014 that growth will increase rapidly,” said Sullivan, speaking on the opening panel at ANGA COM today.Sullivan said Sky had a “straightforward” pay TV business model. Pay TV is not a “mandatory product” yet for consumers in Germany, so Sky had to differentiate by providing something different, he said.Sullivan said the company had invested and sought to provide more value over the last four years, and that quality of coverage of sports and content from the likes of HBO meant that Sky could now provide “good value”.He said that relative to competitors and pay TV peers, Sky Deutschland was still relatively small. “We are approaching the scale where we can have a profitable business…but we are still quite small,” said Sullivan. “We aspire to be in many more homes and hopefully we are doing the right things to achieve that.”Sullivan said the Bundelsiga was “undoubtedly the most exciting product on the market” and this year, the involvement of German teams in the final of the Champions League had carried interest right through to the summer. He added that Sky would continue to invest in additional content for the platform.“We are expecting to invest in more programming, content and even channels. We still believe in channels,” he said, claiming that Sky would “invest in places where we feel we can differentiate” rather than compete directly with free to air channels.Sullivan said Sky’s audience was typically younger than the average for free-to-air channels, and that the average age of new customers had gone down over the last four years. Services including Sky Sports News and Sky Go have a stronger appeal to a youthful demographic, he said. This was beneficial, he said, because younger users were more likely to recommend services that they used than older viewers.
For a change, overnight activity in the Far East in both gold and silver showed some real signs of life.It was a very slow day in the gold world on Wednesday…and most of gold’s price movements, such as they were, were most likely currency related. Gold closed at $1,693.40 spot…down $2.80 from Tuesday. Volume, most of it of the high-frequency trading variety, was decent at around 113,000 contracts.Silver’s price pattern was similar…and the price briefly dipped below $32.00 spot before recovering as the dollar index headed south. Silver closed at $32.70 spot…down 9 cents on the day. Net volume was average…whatever that means these days…at around 33,000 contracts.All the ‘action’ yesterday was in the dollar index. It opened at 81.34 at 6:00 p.m. in New York on Tuesday night…and by 9:30 a.m. in London the next day, it had hit its zenith at around 81.65. From there it went into a decline that bottomed out at 81.14 shortly after 11:00 a.m. in New York. It recovered a hair from that low…closing at 81.20…down a whole 14 basis points when all was said and done.Both the gold and silver charts show this currency move pretty clearly.The gold stocks started in the red, but finally got into positive territory…and then mostly stayed there for the rest of the trading day. The HUI closed up 0.45%.The silver equities were mixed yesterday…and gave back a bit of their Monday and Tuesday gains, as Nick Laird’s Silver Sentiment Index closed down 0.45%.(Click on image to enlarge)For a change, the CME’s Daily Delivery Report was much more interesting. They reported that 16 gold and 485 silver contracts were posted for delivery within the Comex-approved depositories on Friday. Jefferies was the short/issuer de jour, posting 476 contracts…and it should come as no surprise to anyone that the big long/stopper was JPMorgan…with 253 contracts in its client account and 186 contracts in its proprietary [in house] account. The Issuers and Stoppers Report is definitely worth checking out…and the link is here.There were no reported changes in GLD yesterday…but after a big withdrawal from SLV on Tuesday, there was an even bigger addition on Wednesday, as an authorized participant[s] added 2,934,108 troy ounces.The U.S. Mint had another smallish sales report yesterday. They sold 4,500 ounces of gold eagles…and another 125,000 silver eagles.It was another very busy day over at the Comex-approved depositories on Tuesday. They reported receiving 602,812 troy ounces of silver…and shipped 1,558,280 troy ounces out the door.While on the subject of the Comex-approved depositories, I noticed something different about the CME’s web page when I clicked on it early yesterday evening…but I didn’t investigate any further. It took an e-mail from Nick Laird very late last night that pointed out the difference. There’s a new depository added to the list. It’s called CNT Depository…and a Google search revealed this.I’ll be very interested in seeing how they fit into the grand scheme of things…and just how much metal they accumulate on behalf of their clientele. According to Nick, they reported receiving 631,389 troy ounces on Tuesday…the first day they showed up as a depository.In the same e-mail, Nick sent along this chart entitled “Comex Depository Warehouse Silver Stocks” that goes back about 41 years…and here it is.(Click on image to enlarge)I have the usual number of stories today…and I hope you have time to read the ones that interest you the most.It was a nothing sort of day in the precious metal markets yesterday…another day off the calendar as Ted Butler would say…so I’ll just move along to other things.Tomorrow we get the latest Commitment of Traders Report…and as you are already aware, I’m more than interested in what’s in it.For a change, overnight activity in the Far East in both gold and silver showed some real signs of life. After rallying a bit in early morning trading, a more substantial rally began around 2:30 p.m. Hong Kong time…and is continuing into early London trading as well. The rally in silver is even more impressive.However, the volume in gold is getting way up there…35,000 contracts. And silver’s volume is already an eye-watering 12,300 contracts as I hit the ‘send’ button at 5:13 a.m. Eastern time. The dollar index is comatose.These are not short covering rallies by any stretch of the imagination, but new long positions being established and, without doubt, it’s JPMorgan et al going short against all comers. Unfortunately none of this data will be in tomorrow’s COT report. We’ll have to wait until next Friday…and in the current environment, that’s a lifetime away.It remains to be seen whether these rallies continue in London…or get stepped on before New York opens, as the similar rallies that developed in both platinum and palladium earlier today, have already met that fate.Here are the current gold and silver charts as of 4:53 a.m. Eastern time. Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany.Company highlights:Alvalade Project JV with Antofagasta Minerals SA – Copper and Zinc on 1000 km2 project area in the Portuguese Pyrite Belt – 2012 exploration budget of US$ 2.5 million, all provided by Antofagasta, including 6000 meters of core drillingGold exploration in the Erzgebirge Mining District, Germany – 307 km2 exploration license in 1000+ year producing region of tin, tungsten, silver, base metals, and uranium – Increasingly favorable permitting and mining regulations, long mining culture, widespread known gold panning locationsCovas Tungsten JV with Blackheath Resources Inc. – 922,900 mt @ 0.78% WO3 (non NI 43-101 compliant) historic resource – Potential to increase the tungsten resource – New gold target on the projectStrong management including Paul Kuhn, CEO, previously involved with several discoveries around the world, and Mark T. Brown, Director, founder of Rare Element Resources Ltd.Low risk exploration strategyShare structure and cash on hand (12/31/2011):16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted40% of shares held by insiders, family, friends, and long-term investorsApprox. C$ 500,000 cash on hand (consolidated Canada and Europe)Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012.Please visit our website for more information. Sponsor Advertisement
Considering the start to the Thursday trading session in both the Far East and London…it could be a wild one in New York today…and I’m looking forward to the 8:20 a.m. Eastern time Comex open with more than the usual amount of interest.Before hitting the ‘send’ button on today’s column, I want to bring this Casey Research offer to your attention ONE LAST TIME…as you’ve only got THREE DAYS LEFT TO ACT. As you probably already know, the September 7th Casey Research/Sprott Inc. Summit: Navigating the Politicized Economy, will be held in Carlsbad, CA. If you’re not registered to attend, you may want to purchase the complete audio collection (available in a 20-CD set and/or MP3 downloads) to listen to at home.The faculty presenting includes David Walker, former US Comptroller General, Dr. Lacy Hunt, former Senior Economist, Dallas Fed; Executive VP, HIMCO, Don Coxe, Global Strategy Advisor, BMO Financial Group, David Webb, hedge fund phenomenon, Origin Investments, AB, Dr. Thomas M. Barnett, former Senior Advisor, Office of the Secretary of Defense, G. Edward Griffin, author, The Creature from Jekyll Island, Bob Hoye, Chief Financial Strategist, Institutional Advisors, Peter Schweizer, Hoover Institute, author of Throw Them All Out, Doug Casey, contrarian speculator, Eric Sprott, Chairman, Sprott Asset Management, and 18 other financial luminaries.These are top-drawer speakers…and the ladies at Casey Research in Stowe, Vermont are telling me if you order before the summit ends on September 9th, you’ll save $100. To learn more about the 28 financial experts and what they are presenting, please click here…and it doesn’t cost a dime to look!See you on Friday…Saturday west of the International Date Line.
Emission systems. Demand for platinum in autocatalysts dropped by 1% in 2012, mostly due to lower vehicle production in Europe and lower market share of diesel engines. However, emission-system demand from Japan and India is expected to increase, and diesel-emission controls recently introduced in Beijing will also support industrial demand for both metals. Auto sales in China rose a whopping 19.5% in the first two months of the year and are 6.5% higher in the US than a year ago. Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it’s their industrial use that is the primary price driver for both platinum and palladium – and that use is undergoing a fundamental shift. The largest source of demand for platinum and palladium is the automotive industry, for use in autocatalysts. In turn, the fortunes of the auto industry are sensitive to the health of the world’s major economies. We’ve been bearish on platinum-group metals for years, primarily because we weren’t convinced a healthy – much less roaring – world economy could be sustained when so many governments continue spending beyond their means. We reconsidered the market last year, when strikes in South Africa – home to 75% of global platinum production and 95% of known reserves – threatened supplies. But as we wrote last December, the strikes ended without great impact on long-term supply. Since then, however, the fundamentals of this market have changed. Others may disagree with our economic outlook, which is still bearish, but it’s due to supply issues – not demand – that our interest is now drawn to these metals, and particularly to palladium. Here’s a look at global supply against auto-industry demand for both metals. Demand. Autocatalytic demand rose by 7% in 2012, as palladium can be easily substituted for platinum in emission-control systems for gas-powered motors (but not diesel-powered ones), such as are favored in China and India. In fact, several experts we consulted were more bullish on palladium than platinum due to this “substitution factor” – and China just mandated catalytic systems for all cars in the country. Palladium investment demand was positive last year, though palladium jewelry has yet to gain traction in China, one of the world’s biggest jewelry markets. Total jewelry demand for palladium was 11% lower in 2012. However, we expect a greater shift to palladium in the expanding Asian automotive market, which in turn will boost palladium prices. The fundamental drivers of the palladium market are similar to those for platinum, which makes the palladium market an equally attractive investment. If this all weren’t bad enough, most companies’ production costs are now above current platinum and palladium prices. This can only be solved one way: higher metals prices. Bottom Line The supply disruptions in South Africa combined with secondary factors have led to deficits in both metals that won’t be erased overnight. Such imbalances, together with mainstream expectations of global economic growth, create a favorable environment for PGM price appreciation. This much seems like a safe bet. There is, however, a great deal of speculative upside in the not-inconceivable case of South Africa going off the rails in a major way. Massive – not marginal – supply disruptions in the world’s main source of both metals would send their prices through the roof. You get this speculative potential “for free” when you bet on the more conservative projections that call for rising prices regardless. While we wait for our gold positions to rebound, an investment in platinum and palladium could be very profitable. How to invest? You can learn which company is our #1 pick for this space with a risk-free trial subscription to BIG GOLD. Note: our longer-term outlook remains in place: most G7 economies are not fundamentally sound and continue to print money. Gold is still our priority asset class, so we don’t recommend that investors replace their gold holdings with platinum and palladium investment vehicles. This PGM trend is simply an addition to and diversification of our current investment strategy. Recycling. This important source of supply is falling in reaction to lower metals prices. It is estimated that recycling fell by 11% in 2012. Investment. Although it represents just 6% of total demand for the metal, investor demand nonetheless grew 6.5% last year, adding to pressure on supplies. Given these factors – primarily the first one – a supply deficit stretching into 2014 seems almost certain. Until South Africa can resolve its labor and power issues, pressure on platinum supply will remain, producing a favorable environment for rising prices. Palladium Palladium, platinum’s “little brother,” also faces a market imbalance. In 2012, the deficit totaled 915,000 ounces, the highest level since 2001. Supply. Russia is the second-largest producer of palladium, and some analysts report that rumors of its stockpile being close to depletion are true. Recycling is also falling, and production disruptions in South Africa – the largest producer of palladium – are the same as outlined for platinum. Overall supply of the metal is falling. Jewelry. Worldwide demand for platinum jewelry rose last year, with strong demand coming from China and growth in India, and is mainly the consequence of lower prices. Jewelry accounts for 30% of total platinum demand. Approximately 55% of platinum and the bulk of palladium supply was used in catalytic systems last year. The shrinking supply that’s under way with both metals is obvious, and palladium is approaching a supply/demand crunch. Here’s what’s going on… Platinum The fall in platinum supply has been so great that it moved from a surplus in 2011 to a deficit in 2012, with Johnson Matthey estimating that deficit to hit 400,000 ounces, the highest level since 2003. Why the shift? Labor strife and power outages. The mining industry in South Africa is, frankly, a mess. Labor strikes continue to haunt the platinum mining companies. The largest mining union in South Africa, AMCU, recently refused to sign a collective bargaining agreement on worker compensation, and CNBC is predicting a massive strike. Amplats, the world’s largest platinum producer, is threatening to cut 14,000 jobs and mothball two operating mines due to various issues. Meanwhile, power outages, a longstanding problem, continue unresolved; they have already forced the closure of some mines and are widely expected to cause further cuts in production. As a result, supply from mining is expected to decline another 10% this year.
As you also already know, supply/demand fundamentals mean nothing It was a volatile trading session for gold yesterday, but it all happened within a very tight price range—and appeared to center around the $1,200 price mark. The high tick came at exactly 9 a.m. Hong Kong time on their Tuesday morning—and the low tick came at the London afternoon gold fix—and the subsequent rally got hammered flat during the next two hours of trading. Then, starting a minute or so after 12 o’clock noon in New York, the gold price rallied back towards the $1,200 spot price mark—and made it shortly after the COMEX trading session ended. From there, the price traded basically flat into the close. The CME Group recorded the high and low ticks as $1,204.40 and $1,190.00 in the April contracts. Gold finished the Tuesday session in New York at $1,201.30 spot, down 50 cents from Monday’s close. Net volume checked in around 105,000 contracts—about the same daily volume it has been for last five trading days or so. Not surprisingly, the gold stocks hit their high at the same time as the metal itself, which was shortly before 11 a.m. EST. From there they chopped lower—and never got a sniff of positive territory after that, even though the gold price recovered to virtually unchanged. The HUI closed down 0.56 percent—and as you can tell, there was a problem with the main data feed—and the chart is not “all there” so to speak. Nick Laird’s HUI chart looked the same, or I would have posted that in lieu of. By the way, if you’re not up on your Grand Canyon statistics, I found this excellent Reader’s Digest version of the whole place linked here. The dollar index closed late on Monday afternoon in New York at 94.55—and continued on with the rally that it was currently in. That rally developed even more momentum starting about 3 p.m. Hong Kong time, which was an hour before the London open. The 94.86 high tick came at the 10:30 a.m. GMT London a.m. gold fix—and then the index chopped lower in a very wide range, closing at 94.47—which was down 8 basis points from Monday’s close. Here’s the 5-minute gold chart courtesy of Brad Robertson—and as you can tell, almost all yesterday’s volume occurred between the London afternoon gold fix—and 11:45 a.m. EST. Before and after, there was there was virtually no volume worth mentioning. Don’t forget to add two hours for EST—and the ‘click to enlarge’ feature really helps with this chart. Platinum’s chart was a mini version of both the gold and silver charts. Platinum closed at $1,163 spot, up two bucks on the day. The silver chart looked very similar, with the high tick coming in morning trading in Hong Kong. But the low tick of the day came a few moments after 12 o’clock noon in New York. From there it chopped quietly higher and, like gold, closed almost unchanged. The high and lows were reported as $16.04 and $16.455 in the March contract. Silver closed yesterday at $16.31 spot, down a penny. Net volume was only 16,000 contracts, but gross volume was, not surprisingly, very high as traders continue to roll out of the March contract and into future months.
The silver equities spiked well into positive territory, but fell back to unchanged as the not-for-profit sellers took the price to its noon low tick. From there they traded in a tight range either side of unchanged, closing down 0.06 percent. The CME Daily Delivery Report showed that 266 gold and 9 silver contracts were posted for delivery within the COMEX-approved depositories on Thursday. The big short/issuer sitting in the bushes until the last day turned out to be none other than HSBC USA with 255 contracts. JPMorgan stopped 261 contracts in its client account. The nine contracts in silver were issued by Jefferies and stopped by Canada’s Scotiabank. The link to yesterday’s Issuers and Stoppers Report is here. The CME’s Preliminary Report for the Tuesday trading session showed that February open interest was unchanged from Monday at 362 contracts minus, of course, the 266 contracts posted for delivery tomorrow. The remaining gold contracts for February delivery will be posted in tomorrow’s column. In silver, there are still 12 contracts outstanding, minus the 9 posted above. The remaining 3 will be in tomorrow’s Preliminary report. There were no reported changes in GLD—and as of 9:46 p.m. EST yesterday evening, there were no changes in SLV, either. The U.S. Mint had another sales report. They sold 1,500 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—and another 253,500 silver eagles. There was very little gold activity over at the COMEX-approved depositories on Monday, as only 643.000 troy ounces were reported received—and 128.600 were shipped out. That’s 20 kilobars and 4 kilobars respectively. As always, it was a pretty big day in silver, as 886,249 troy ounces were shipped in, but only 20,180 were shipped out the door. The link to the silver activity is here. Once again I have a very decent number of stories for you today—and I hope you find some in here that are of interest to you. Even though the headline number of the total commercial net short position [in silver in last Friday’s COT Report] has declined by nearly 14,000 contracts since January 27, the concentrated net short position of the eight largest shorts has hardly budged—and remains over 65,000 contracts. This is still a manipulative position on its face since it represents more than 325 million ounces and 40% of world annual production, an amount unequalled among all commodities. Reviewing the dismal earnings reports by those companies that mine silver, I have uncovered not a one holding any of the 325 million oz held short by the 8 crooked COMEX shorts. Excepting JPMorgan, I doubt any of the other seven big shorts own much real silver, even though the concentrated short position represents more than 30% of all the silver bullion in the world. This is simply preposterous and illegal. – Silver analyst Ted Butler: 21 February 2015 I’m not sure what, if anything should be read into yesterday’s gold price action because, once again, there wasn’t a lot of volume—and there was little net volume in silver, although roll-over activity was very high, of course. But, whatever action there was will be in Friday’s Commitment of Traders Report, as yesterday at the close of COMEX trading was the cut-off. Here are the 6-month charts for all four precious metals updated with Tuesday’s price/volume action. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, ir@freegoldventures.com These photos were taken on Day 2 at Grand Canyon—January 11. It’s not raining or snowing—and cloud base has lifted by a couple of hundred feet and is more well defined. You can’t see the North Rim, which is about 10 miles/16 kilometers away, because it’s about 1,000 feet/330 meters higher than than the South Rim, so it’s buried in cloud/fog. These are just general canyon shots along the trail. You’ll need to use the ‘click to enlarge’ feature to see the people in photo #2—and that gives you some idea of scale. I cropped the last photo in order to enhance the sense of danger, which is all too real. There’s nothing below her but air for many thousands of feet. Palladium, as usual, was trading in a world all its own, closing at $792 spot, up another 7 dollars from Monday’s close—and heading back to the $800 spot mark. Will it be allowed to get there? And as I write this paragraph, the London open is about forty-five minutes away—and there certainly has been some rather interesting price activity in Far East trading on their Wednesday. I’m guessing that the Chinese New Year holiday has come to an end—and that traders are back at their desks over there. Right out of the chute at 6 p.m. EST yesterday evening, all four precious metals powered higher, particularly silver, which I thought very unusual. Depending on which metal you’re looking at, the fun ended by 9 or 10 a.m. Hong Kong time—but started again with somewhat less enthusiasm in early afternoon trading. Gold volume is very chunky at 25,000 contracts net, so this rally obviously ran into ferocious opposition by JPMorgan et al—but silver’s net volume is only 2,870 contracts. Gross volume is north of 10,500 contracts, so roll-over activity is already way up there, as the large traders have to be out by the end of COMEX trading today—and the rest of the traders tomorrow. Thinking about that silver rally last night I’m wondering if it involved a decent amount of short covering, as the net volume is very light. But there’s no way of knowing for sure, because all the price/volume activity occurred after the cut-off for the COT Report on Friday—and by the time the next report is available, this trading action will be buried. And as I send this off to Stowe, Vermont at 4:50 a.m. EST, I note that the tiny rallies in all four precious metals in early afternoon trading in the Far East, ended at 3 p.m. Hong Kong time, which was an hour before the London open. And, with the exception of palladium, which is knocking on the $800 price door once again, the other three precious metals are heading quietly lower, but on such light volume, the price trend hardly matters. Net gold volume is up to a bit over 31,000 contracts, an increase of only 6,000 contracts from two and a half hours ago—and silver’s net volume is only 3,340 contracts, up only 500 contracts in the same time period. There’s nothing going on—and nothing to see at the moment. The dollar index is now down 32 basis points—and coming awfully close to the 94.00 level once more. It will be interesting to see if “gentle hands” put in an appearance once again. That’s all I have for today which, once again, is more than enough—and I look forward to the rest of Wednesday’s trading activity with more than the usual amount of interest. See you tomorrow.
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Disabled people’s organisations (DPOs) across Greater Manchester have been given the chance to take part in a pioneering new partnership with local government.Andy Burnham, the Greater Manchester mayor, is funding a new Disabled People’s Panel (DPP) that will work with him and the Greater Manchester Combined Authority (GMCA) he chairs.The authority – whose other 10 members are the leaders of Greater Manchester’s 10 borough councils – has commissioned Greater Manchester Coalition of Disabled People (GMCDP) to set up the panel.The panel will aim to shape, challenge and influence policy affecting disabled people across Greater Manchester, by advising and consulting with GMCA.The panel’s members will be local disability organisations drawn from across Greater Manchester’s 10 boroughs, with most of them likely to be DPOs committed to the social model of disability, with strong engagement with their local community, and successful representation of diverse groups, including LGBT and black and minority ethnic communities.Those taking part will receive an involvement fee from the mayor’s office, while two GMCDP staff are being paid to set up the panel, keep it running and help it liaise with local authorities across Greater Manchester.Manchester has become the first city region in the UK to introduce a disabled people’s panel that will be involved in such a senior level of strategic policy-making.It is a significant success for GMCDP, which said before Burnham’s election as Greater Manchester’s first elected mayor in 2017 that it hoped to persuade the successful mayoral candidate to make the region a trailblazer for disability rights in England and “develop ground-breaking initiatives to tackle disability”.Rick Burgess, the newly-appointed outreach and panel development worker at GMCDP, said: “It’s an experiment and it’s an adventure because it’s never been done before, and it’s always worth trying a new way of interfacing with power to make things better for disabled people.“The long-term aim is to have an ongoing engagement between disabled people across Manchester and the organisations that make policy across Manchester.“Because of devolution, there are opportunities to do things differently from Westminster.“Central government in Westminster has been condemned by the UN for how they treat disabled people. In Greater Manchester we can certainly do better than that.“Some of what we can do is mitigation or harm reduction when there are bad policies nationally.“I would hope we can find ways to lessen their harmful impact on people.”The mayor’s office has agreed that the organisations appointed to the panel will receive an involvement fee and training, in contrast to the unpaid chairs and members of the Regional Stakeholder Network being set up by the government’s Office for Disability Issues.Burgess said: “Fair play to Andy Burnham and the combined authority. They have thought to themselves: we don’t know everything, maybe we need to listen to the people who are experts in their own lives on how we make policy and stuff.“It is democracy in action. We are looking to gather up the views of disabled people throughout Greater Manchester and affect policy-making at the highest level.”Although some of the panel members may not be organisations led and controlled by disabled people, Burgess hopes and expects that most of them will be.He said: “This is for disabled people to change the policies that affect them, so it is primarily about disabled people forming the panel.”He stressed that the panel would decide its own priorities, but issues that are consistently coming up in discussion with disabled people in Greater Manchester are transport, housing, social care and benefits, and then accessibility and employment, he said.As well as a panel of probably between 15 and 20 members, organisations will also be able to ask to be associate members, so they can contribute and be kept informed of its work.Burgess said GMCDP was keen to spread the idea of the DPP to other parts of the country if it is successful, providing an “incredibly representative engagement between power and disabled people so eventually power becomes less ableist and more inclusive and removes those barriers we are always talking about”.The deadline for applications to join the panel is 28 May.Picture: A meeting in 2017 between Andy Burnham and disability groups which discussed the idea of the panelA note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS…
Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Arjun Kharpal –shares Add to Queue Image credit: Shutterstock | Enhanced by Entrepreneur Next Article This story originally appeared on CNBC 3 min read
September 30, 2015 It’s set to be a pretty tough week for Uber in Europe.The ride-hailing app’s offices in Amsterdam were raided by the Dutch authorities, two of its top executives appeared in court in Paris on Tuesday and proposals that Uber is unhappy about were published on Wednesday by London’s transport rule-setting body.Here’s a roundup of the storm the company – now worth $50 billion – is facing.Dutch office raidsDutch police raided Uber’s office in Amsterdam on Tuesday as part of an ongoing criminal investigation, the public prosecutor said.Uber has been accused of violating the country’s taxi laws with its UberPOP service. The service allows untrained drivers and those without a taxi license to offer trips at a cheaper rate. It is different from Uber’s regular service and was banned in the Netherlands in December.The law banning UberPOP is under review and a new piece of legislation expected by the end of 2016.In the meantime, Uber has decided to launch legal proceedings against the Dutch taxi law.”Naturally we dispute the allegations, as the legal status of uberPOP continues to be debated in court and the underlying law is under legislative review,” an Uber spokesperson said in a statement.French court caseUber has a short and troubled history in France. Two senior Uber executives were on trial on Wednesday in Paris on charges of “misleading commercial practices” and “complicity in the illegal exercise of the taxi profession.”Thibaud Simphal, head of the company’s French operations, and Pierre-Dimitri Gore-Coty, Uber’s general manager in western Europe, appeared in the Paris Correctional Court, but managed to get their case delayed until February 2016.The trial relates to the company’s UberPOP service. Earlier this year, Francois Hollande’s Socialist government passed a law effectively banning UberPOP. The service was suspended and remains unavailable.Uber’s lawyers moved quickly at the start of the trial to call the whole case into question, arguing that the government had moved quickly to bring this case to court in order to appease taxi drivers.Earlier in the year, cab drivers held violent protests in France to demonstrate against Uber. The case will now be pushed to next year after Uber requested access to all evidence in the trial.London petitionUber has gone on the front foot in London, petitioning users to sign against new rules proposed by the U.K. capital’s transport authorities that could hit the service hard.Transport for London (TfL)’s proposals include forcing drivers to work for only one cab company at a time and making it obligatory for taxi operators to allow users to pre-book up to seven days in advance. Also, the proposals include a rule that would create a mandatory five-minute wait time between ordering a cab and it arriving.Uber currently does not offer an advanced booking service and many of its drivers work for several companies.”If adopted, they (the rules) will mean an end to the Uber you know and love today,” Uber wrote in an email to London-based users of its app. “And the proposed rules threaten drivers’ livelihoods by forcing them to drive for just one operator. These rules make no sense.”Uber’s low prices have caused a stir among London’s black cab drivers who have held numerous protests in the capital causing big disruptions over the last few months. Uber Is Having a Terrible, Horrible, No Good, Very Bad Week Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Uber Register Now »
Add to Queue Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Image credit: Shutterstock Facebook Next Article Facebook Inc. on Thursday launched a feature that allows users to upload photos with 360-degree views.Apart from photos taken from 360-degree cameras, panoramic photos taken on a mobile phone can be converted to a 360-degree view on the newsfeed, the company said on Thursday.The photos can also be seen in virtual reality compatible devices, Facebook said.Facebook rolled out a similar service for video last September.(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty) Reuters June 10, 2016
Facebook Adds 360-Degree Photos to Newsfeed This story originally appeared on Reuters –shares Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 1 min read Register Now »
